Finnish renewable technology developer, Wello Ltd, has successfully installed the Penguin wave energy converter (WEC) to Orkney waters, having chosen Fendercare Marine, part of James Fisher and Sons plc, as one of its key partners for the project. The Penguin wave energy converter is now floating an
MeyGen Ltd. announced the formal submission of consent applications for the MeyGen Phase 1 Tidal Energy Project. The offshore application has been submitted and will be determined by Marine Scotland Licencing Operations Team and the onshore applications are to be determined by The Highland Council.
Petroleum Geo-Services ASA announced the second quarter and first half 2012 results. The company highlights of the second quarter 2012 are revenues of $404.8 million, up 24% from Q2 2011; record MultiClient revenues of $236.0 million, up 48% from Q2 2011; marine Contract revenues of $128.5 million,
Vattenfall, Swedish power company, will see its DanTysk offshore wind farm connected to the Germany’s power grid with the delay of up to five months, reports Boomberg. Siemens spokesman Torsten Wolf stated the link is planned to be completed by the spring 2014 even though it was planned to be ready
CGGVeritas announced today its non-audited second quarter 2012 consolidated results. The company has reached a total revenue of $831 million, up 11% compared to last years $751 million. The company also reports a strong increase in operating income at $85 million. CGGVeritas CEO, Jean-Georges Malcor
Fairfield Energy confirms that an ROV (Remotely Operated Vehicle) survey carried out following repairs to the company operated Osprey subsea manifold has identified the need for further repairs before operations at Osprey can resume. As it will take some time to source the equipment required to comp
US-based Oaktree Capital Management has invested in Aberdeen-based subsea oil and gas business, Integrated Subsea Services (ISS). This strategic investment will provide ISS with access to specialised vessels helping the company to capitalise on the current thriving global subsea market. Oaktree beco
Bookings have officially opened for the annual Offshore Decommissioning Conference organised by Decom North Sea in partnership with Oil & Gas UK. This year it is being held at a new venue, the Fairmont Hotel, St Andrews, on 9-11 October. With decommissioning North Sea oil and gas facilities projecte
The Crown Estate today opened an industry engagement exercise to shape the future of wave and tidal leasing in the UK. With 37 sites leased to date, the UK already has a global lead in the wave and tidal industry and the exercise aims to help the industry grow further. The Crown Estate engagement [&
SNC-Lavalin announces that it has been awarded a contract by Statoil ASA to carry out the front-end engineering design (FEED) for an approximately 20,000-tonne substructure, part of the Bressay offshore development located in the UK sector of the North Sea. “We’re very pleased to continue supporting
Hydratight has made changes to its management team to shape the business for major expansion. Former Americas regional business leader Chris Mitchell is to become global vice-president for sales and service, a new role reporting directly to Hydratight president Jan de Koning. Taking over as Americas
On July 24, 2012, Technip’s Board of Directors approved the second quarter and first half 2012 consolidated accounts. Technip reported a net operating income of €134 million for the second quarter 2012. Thierry Pilenko, Chairman and CEO, commented: “Technip’s second quarter revenue and profit were f
Statoil’s second quarter 2012 net operating income was NOK 62.0 billion, a 2% increase compared to NOK 61.0 billion in the second quarter of 2011. “Statoil continues to deliver good financial results and strong cash generation. We increased oil and gas production by 17% in the second quarter compare
GEOSHIPS Group, a marine and subsea services provider, has completed charter party negotiations with Singapore based Teras Offshore, for a new Offshore Deck Cargo Vessel, resulting in the planned recruitment of a further 40 offshore staff. Formed in 2003, Westhill-based GEOSHIPS will operate, manage
